Breakout monster

The Expert Advisor is designed for trading XAUUSD (GOLD), but it showed good results on currency pairs too!

The EA trades based on the extremum breakouts of the standard ZigZag. The actual extremums are determined according to the proprietary method. The EA has highly customizable settings, which are suitable both for aggressive and for conservative trading. The wide range of settings covers many aspects from sending email messages and pudh-notifications to risk calculation method (based on balance, free margin, etc).

Every deal is protected by stop orders. You can use trailing stop, if necessary.

Gamblers or risky traders can use the integrated "Recover Losses" feature - somewhat "safe" Martingale, which can be customized to fit the trading style or completely disabled.

It is also possible to configure the EA trading hours, set the maximum allowed spread and the minimum distance between the extremums.

This EA deserves 5 stars. Because, developed by a good author. This EA is based of technical analysis. Price has to break levels in the end. Some currencies has high volatility and mostly break HL levels as GOLD, GBPJPY at london session.

EA is very complicated and has all settings. Time filter, HL distance, HL space. EA has also safest martingale recovery feature. You can recover your losses if you have good balance or disable this feature.

Actually no secret in this EA. This uses DOW Theory on breakout. This strategy is used by professional for many years. I am using and making consistent profit with this EA.

A small extra, Author is about to add reversal feature. So, you will be able to be applied that on reversal strategies. Because, some currencies as EURCHF, GBPCHF mostly go and come in same channel that means they like congestion. Then, you can apply this reversal feature. All things can be tested and applied successfully.

I recommend high timeframes and wide stop losses with trailing stops. So, you can avoid brokers' spread and stop loss games.

If you know technical analysis, you make huge money with this. Because, when price breaks a level, that can go far as 1000-2000pips not points and no come back many years.

Happy Good Trading to all good hearted people...

Rating:

Version 1.1 - 2016.10.06

The algorithm for modification of pending orders has been changed without changing the overall strategy.